The company said its new corporate name was designed to “reflect the company’s business scope expansion and business model diversification, the change in corporate governance following the reduction of Philips’ equity stake, and LG’s commitment to enhanced responsible management.”

The process of changing the company name, which is expected to pass shareholder muster, likely will be completed by early July. LG.Philips LCD currently operates seven fabrication facilities (and four back-end assembly plants) in South Korea, China and Poland.
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